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South Street, South Molton, Devon, EX36 - Image 1
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South Street, South Molton, Devon, EX36

South West

£150,000
Listed on 23/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1545 sqft

Description

This three-bedroom cottage, strategically positioned on the western edges of South Molton, presents a remarkable blank canvas for those looking to invest in a property with substantial renovation potential. Spanning over 131 square meters, the home has been extended but is currently in need of a comprehensive refurbishment. The layout includes a welcoming porch leading into a hallway, a living room that features access to a cellar, and a kitchen equipped with wall and base units. Notably, there is also a garden room allowing access to the rear courtyard, along with a utility area and downstairs WC. The first floor comprises two bedrooms; the principal bedroom benefits from fitted wardrobes while the second offers ample space as a double room. An additional versatile room can serve multiple purposes, complemented by a family bathroom. Outside, the property boasts an enclosed walled courtyard with raised stone beds filled with various shrubs. With no onward chain and close proximity to local amenities, this cottage is ideal for investors or buyers willing to undertake an extensive renovation project. Its accessibility to larger towns and transport links further enhances its appeal in the thriving market of South Molton.

Investment Analysis

(EX36 area)

Below Market Value

This property is priced -65.5% below area average per sq ft

-65.5%
Potential saving
This Property
£97/sq ft
Area Average
£282/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£478,579
10% above area average per sq ft
Potential ROI
+99.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX36)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -9.9%
5 year growth: +18.3%
Investment Disclaimer: Analysis based on EX36 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

South Street, South Molton, Devon, EX36
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£541
Based on a loan of £112,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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